The Japan Exchange Group (JPX) has paired up with Nomura Research Insitute in order to conduct proof-of-concept tests for distributed ledger, or blockchain, technology.
Tests will evaluate the possibilities and limits of the technology in markets with low transaction data.
According to JPX, the partnership is intended to resolve some of the issues that stand in the way of blockchain technology being actually applied in financial business operations.
The pairing comes after JPX announced in February that it is working with IBM Japan on a similar blockchain project. The tests with IBM Japan are also focused on markets with low volumes of transaction data, but used a framework provided by the IBM and Linux Hyperledger Project.
At that time, Atsushi Santo, head of new business development at JPX, said: "Blockchain is one of the emerging technologies that is being closely watched by financial communities throughout the world."
"We plan to explore blockchain fabric to evaluate technical limitations and the potential of blockchain for post-trading service for low volume traffic.”
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